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However, the landlord may deduct from the security deposit money for property damage that is more than ordinary wear and tear and any money due the landlord under the lease or agreement. If the amount of money owed to the landlord exceeds the amount of the security deposit, the landlord may sue for the difference.
This is an acknowledgment that the Tenant [Insert Tenant's Name] residing at [Insert Tenant's Address], paid the Landlord a Security Deposit of [Insert Amount of Security Deposit Paid] on [Insert Date the Deposit Was Received].
RETURN OF SECURITY DEPOSIT Within 30 days after the termination of a tenant's lease the landlord must return the tenant's security deposit plus the tenant's portion of interest, less any allowable fees, by personal delivery, certified or registered mail.
This letter is to notify you of damages to the property at (address) ________________________ that occurred during the time you occupied it, from (move-in date)_____________ to (move-out date)______________. To repair the below damages, $ _____________ will be withheld from your $____________ security deposit.
Normal wear and tear refers to damage that occurs as the property naturally ages. They are minor issues that include things like faded paint or lightly scratched windows. You must not charge your tenant the cost of fixing such damage. New Jersey Security Deposit Law (Ultimate Landlord Guide) Abacus Avenue Property Management ? new-... Abacus Avenue Property Management ? new-...